Deutsche Bank AG Lowers Commerzbank AG (CRZBY) to Hold

Deutsche Bank AG cut shares of Commerzbank AG (NASDAQ:CRZBY) from a buy rating to a hold rating in a research note released on Wednesday.

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Separately, BNP Paribas upgraded Commerzbank AG from a neutral rating to an outperform rating in a report on Thursday, September 1st.

Shares of Commerzbank AG (NASDAQ:CRZBY) opened at 6.44 on Wednesday. The company’s 50-day moving average price is $6.85 and its 200-day moving average price is $7.48. The company has a market capitalization of $8.07 billion and a price-to-earnings ratio of 9.10. Commerzbank AG has a one year low of $5.83 and a one year high of $11.96.

About Commerzbank AG

Commerzbank AG is a bank for private and corporate customers. The Bank’s business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions.

5 Day Chart for NASDAQ:CRZBY

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